8-K
filed February 8, 2024, 6:59 PM ET
ticker EXPE
CIK 0001324424
leadership
confidence high
sentiment positive
materiality 0.80
Expedia Q4 revenue up 10% to $2.89B; Gorin named CEO effective May 2024
Expedia Group, Inc.
- Q4 revenue $2,887M (+10% YoY); GAAP EPS $0.92 (down 17%), adjusted EPS $1.72 (+37%).
- Full-year 2023 revenue and net income record; net income up 127% YoY; adjusted EBITDA +14%.
- Ariane Gorin appointed CEO effective May 13, 2024, succeeding Peter Kern (Vice Chairman).
- Gorin receives $1.25M base salary, $100K relocation, $32K/month housing (18 mo), ~$23.75M equity grants.
- B2B revenue grew 33% in 2023; company repurchased $2B in shares during 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Expedia Group, Inc. reported Fourth quarter ended December 31, 2023 results: revenue $2,887, net income $132, EPS $0.92.
- Period
- Fourth quarter ended December 31, 2023
- Revenue
- $2,887
- Net income
- $132
- EPS
- $0.92
- Result
- reported results
Exact text from the filing
except per share amounts) - Fourth Quarter 2023 Expedia Group, Inc. Metric Q4 2023 Q4 2022 Δ Y/Y Booked room nights 77.4 70.8 9% Gross bookings $21,672 $20,511 6% Revenue $2,887 $2,618 10% Operating income $104 $128 (19)% Net income attributable to Expedia Group common stockholders $132 $177 (25)% Diluted earnings per share $0.92 $1.11 (17)% Adjusted
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Expedia Group, Inc. reported financial results for Full year ended December 31, 2023.
- Period
- Full year ended December 31, 2023
- Result
- reported results
Exact text from the filing
Highest ever full year GAAP net income grew 127%, compared to 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ariane Gorin was elected as Director at Expedia Group, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
The Company also announced that the Board had approved the expansion of its size from 12 to 13 members and the election of Ms. Gorin to fill the newly-created directorship, each effective as of February 12, 2024
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ariane Gorin was appointed as Chief Executive Officer at Expedia Group, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On February 8, 2024, Expedia Group announced the appointment of Ariane Gorin, President of Expedia for Business, to serve as the Company’s Chief Executive Officer, succeeding Peter Kern.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter Kern changed role as Vice Chairman at Expedia Group, Inc..
- Action
- succeeded as Chief Executive Officer
- Role
- Vice Chairman
Exact text from the filing
the appointment will be effective as of May 13, 2024 (the “ Transition Date ”), after which Mr. Kern will continue to serve as the Company’s Vice Chairman and as a member of the Company’s Board of Directors
View on SEC.gov
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